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OTCPicks.com Stocks to Watch for Thursday, July 2nd SYNJ, MESA, OSK, AFTC
(M2 PressWIRE Via Acquire Media NewsEdge) Our Stocks to Watch tomorrow include Syndication Inc. (OTC: SYNJ), Mesa Air Group Inc. (Nasdaq: MESA), Oshkosh Corp. (NYSE: OSK) and Alternative Fuel Technologies Inc. (OTC: AFTC).
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SYNDICATION INCORPORATED (OTC: SYNJ) "Up 64.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/SYNJ.php
Syndication, Inc., a development stage company, operates as a consulting company in the United States. It acquires controlling interests in or to participate in the creation of, and to provide financial, management, and technical support to development stage businesses, e-commerce businesses, and traditional brick-and-mortar businesses. The company assists target companies in various areas, including the development and implementation of business models to provide solutions to traditional companies; building corporate infrastructure, such as a management team, a qualified sales and marketing department, information technology, and finance and business development; and managing rapid growth and flexibility to adopt to the changing Internet marketplace and technology. It also assists target companies in evaluating, structuring, and negotiating joint ventures, strategic alliances, joint marketing agreements and other corporate transactions; and by providing advice relating to corporate finance, financial reporting, and accounting operations. Syndication, through its subsidiary, Sy-Med Decompression, Inc., provides non-surgical treatment option for patients with back pain due to lumbar disc herniation, degenerative disc disease, sciatica, facet syndrome, and spinal stenosis. The company, formerly known as Syndication Net.com, Inc., was founded in 1999 and is headquartered in Washington, D.C.
SYNJ News:
July 1 - Syndication Inc. Announces Mac Marshall Jr. Moves Pinnacle Project Forward With Methes Energies Canada Inc.
Syndication Inc. (OTC: SYNJ) reports that on April 3rd, 2009 McCutcheon Marshall Jr., President and Chairman of the Board for Pinnacle Energy Inc., the wholly owned energy subsidiary of Syndication Inc., executed a Territory and Purchase Agreement with Methes Energies Canada Inc. Methes Energy is located in the Mississauga, province of Ontario, Canada and is in the business of developing, marketing and selling turnkey continuous flow biodiesel processor systems named 'the Denami 600.'
The agreement calls for the purchase of multiple 'Denami 600' units and excludes Methes from soliciting any engagements in the Counties of Williamsburg and Berkeley in the State of South Carolina.
When asked about the Methes relationship Marshall stated "its just one of many developments that Sorrentino and I have been working on for months. It is true that we are sharing board members with Pinnacle, SRE, Methes and now SunSi, but, one of the most important developments of the project is the financial community cultivated by Syndication. It's a great team and at this point we see no limits to our potential. My job is to direct the Federal and State financing in both the grant and loan activities for the Company as well as overseeing the general implementation of its business plan. Because of my relationship with Pinnacle, we have been able to move forward at an accelerated pace and achieve goals, including grant and loan financing, that I have been advised not to speak of at this time. I would yield to Mr. Sorrentino's advice to the CEO of Syndication Inc., 'it's best to hold our cards close to the chest for the time being'," said McCutcheon Marshall Jr. the President of Pinnacle Energy Inc. and Sentinel Renewable Energies Inc.
As a point of clarification the Company would like to state that on April 16th, 2009 it officially engaged the 'Rossi Law Firm' to handle the project developments of its Pinnacle Energy Division. Mr. Rossi is a Principal of the firm with over 20 years of experience at securities law, international legal affairs and direct investment. Mr. Rossi provides integrated strategies for managing the most difficult of structural issues including securities offering materials, SEC filings to go public, anti-takeover strategies, financial presentations and capital raising plans, annual shareholder meeting preparation, valuations and corporate governance.
The Company wishes to clarify an incorrect news release on April 16th, 2009, stating that Capital Keys was a law firm and that Rich Rossi was a founder of that firm. For the record, Capital Keys is a Washington DC, lobbying firm not a law firm, and Rich Rossi is a Principal of Capital Keys, not a founder. The Company apologizes for any confusion. Pinnacle News Pending.
MESA AIR GROUP INCORPORATED (NASD: MESA) "Up 50.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/MESA.php
Mesa Air Group, Inc., through its subsidiaries, provides scheduled passenger and airfreight services. It carries passengers, as well as freight and express packages on its passenger flights. The company also has interlined small cargo freight agreements with various other carriers. In addition, Mesa Air Group contracts with the U.S. Postal Service for carriage of mail to the cities it serves. Further, it occasionally operates charter flights. As of September 30, 2007, the company operated a fleet of 182 aircraft with approximately 1,100 daily departures to 184 cities in the United States, the District of Columbia, Canada, the Bahamas, and Mexico. Mesa Air Group was founded in 1980 and is headquartered in Phoenix, Arizona.
MESA News:
July 1 - Injunction Against Delta Upheld
The AP is reporting that "a federal appeals court has upheld a preliminary injunction barring Delta Air Lines Inc., the world's biggest airline operator, from terminating a regional flying contract with Mesa Air Group Inc. subsidiary Freedom Airlines." For more information, visit:
http://finance.yahoo.com/news/Injunction-against-Delta-in-apf-3564152635.html?x=0&.v=5
OSHKOSH CORPORATION (NYSE: OSK) "Up 26.75% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/OSK.php
Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh , JLG , Pierce , McNeilus , Medtec , Jerr-Dan , BAI, Oshkosh Specialty Vehicles, Frontline, SMIT, CON-E-CO , London and IMT . The Oshkosh brands are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount.
OSK News:
July 1 - Oshkosh Corporation Completes Sale of Geesink Norba Group to Platinum Equity
Oshkosh Corporation (NYSE: OSK) announced that it has completed the sale of the Geesink Norba Group, based in Emmeloord, The Netherlands, to the U.S.-based investment firm Platinum Equity. Financial terms of the deal were not disclosed.
ABOUT PLATINUM EQUITY
Platinum Equity (www.platinumequity.com) is a global M&A&O firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed nearly 100 acquisitions with more than $27.5 billion in aggregate annual revenue at the time of acquisition.
ALTERNATIVE FUEL TECHNOLOGIES INCORPORATED (OTC: AFTC) "Up 11.05% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/AFTC.php
Alternative Fuel Technology Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel -- dimethyl either (DME). AFTC has developed practical, low-cost fuel injection equipment for DME fueled vehicles and currently provides complete DME fuel systems for testing and research purposes in addition to retrofit systems that can be used with most diesel engines. The company's ultimate goal is series production of DME fuel systems for the global automotive market by 2011.
AFTC News:
July 1 - Alternative Fuel Technologies Completes Submission of Its Innovative Advanced Propulsion Solution for the US Navy
Alternative Fuel Technologies Inc. (OTC: AFTC) responded to an SBIR invitation (Topic number NO 92-122 - Navy) by submitting its proposal to develop an innovative advanced propulsion solution for future combatant craft with breakthrough technology for multi-fuel engines weighing three to five times less than conventional diesel engines of the same horsepower.
The US NAVY, and its NAVY SEALS in particular, utilize assault craft and combatant patrol vessels that rely on speed, acceleration, and maneuverability to protect the lives of the troops and secure multi-mission success. The increasing demand to carry greater "payloads" (e.g. combat troops, weapons, and ballistic armor) inherently reduces the current craft's overall performance, including speed, agility, even survivability of the troops. The US NAVY is in need of an alternative to current diesel fuel propulsion systems; one that allows for increased payloads without sacrificing speed and acceleration. More specifically, an innovative solution that decreased "weight to power ratios" significantly, thereby enabling increases in mission system payload weight and personnel transport capability.
Alternative Fuel Technologies, Inc. (AFTC) has over 40 years of engine design experience, including diesel and alternative fuels, with its core business in the development and prototype manufacturing of advanced fuel systems that burn Dimethyl Ether or "DME." Alternative Fuel Technologies, Inc. (AFTC) submitted its proposal on June 15, ahead of schedule, and expects an answer in the next 60 to 90 days. The project includes three phases. Phase one could generate a total $100,000; Phase two could exceed $1,000,000, and Phase three which includes the completion of a full prototype engine installed in a marine craft, would likely approach $20,000,000. The US NAVY defines only the scope of the work rather than the contract dollar amount.
CEO Jim McCandless reported that, "All of us here in management at AFTC feel really solid about the proposal we submitted. Our proposal is not only extremely competitive, but we believe our technological ingenuity and ability to provide the next generation of fuel solutions can satisfy the Navy objectives of hauling greater weight without putting our troops lives at risk. Gaining this opportunity would be a win for the company of course, but a project we would be elated to be a part of."
DME is a new ultra-clean diesel fuel replacement that can be produced from abundant resources. These include natural gas, landfill methane, coal and biomass. At current oil prices, DME can be produced and distributed at less than 1/2 the cost of conventional fuel. When burned in a diesel engine, all soot emissions are eliminated and NO emissions are lowered dramatically without the use of expensive exhaust after treatment devices.
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